Metallium's ADR Program Starts Trading on OTCQX

MT Newswires Live

01/12

Metallium's (ASX:MTM) sponsored American Depositary Receipts (ADR) program started trading on the OTCQX market on Monday, according to a same-day filing with the Australian bourse.

Bank of New York Mellon acts as the nominated depositary bank for the program, the filing said.

The company is preparing for a potential secondary Level 2 Nasdaq listing, aiming for completion by the third quarter of the year, per the filing.

Shares fell 1% in midday trade on Monday.

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